Who we are looking for

State Street’s Global Credit Finance (GCF) division has established an Operational Risk and Compliance function which adds value to the business in the identification, assessment, and mitigation of risk. The function provides oversight of the business’ compliance with corporate and unit policies and procedures, while focusing on the risk excellence objectives established by business leadership. This position is well suited for an action oriented individual with experience in business process analysis, managing multiple priorities, and who has a strong interest in building their risk and compliance knowledge.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As a Global Credit Finance (GCF) Operational Risk and Compliance Vice President, you will:

• Design, implement, and run the GCF End User Developed Tools and model oversight function, to improve first line governance, strengthen internal controls, and enable efficient tool management within the organization

• Capture business feedback as well as lessons learned from each EUDT program review; update the EUDT program, accordingly, noting certain reoccurring themes that warrant executive management’s attention.

• Participate in the assessment, implementation, and adherence to policies, procedures and guidelines prescribed by corporate functions and business partners such as Compliance, Enterprise Risk Management, and Corporate Information Security.

• Deliver exceptional client service and maintain all related activities in an organized and consistent manner

• Participate in risk management programs including product risk assessments (RCSA, MRI), issue and incident management and remediation, and key risk indicator reporting

• Provide support to business change initiatives and any related remediation of control gaps and deficiencies

• Work with Global Credit Finance teams, the Business Risk function, and well as second and third lines of defense to identify process/control gaps

Education & Preferred Qualifications

• Independent strategic thinking with an understanding of regulatory, operational, market, and technology risks in financial services; lending, a plus

• Proven experience in influencing, negotiation, and relationship management

• Experience in model risk governance, oversight, and controls within a banking environment

• Effective communication skills, with experience of preparing and presenting documents and committee papers

• Strong attention to detail with an analytical mind and solid critical thinking skills

• Ability to manage multiple priorities while maintaining attention to detail

• Familiarity with Tableau, MS Suite, including Excel Power BI and Power Automate

• Understanding of change management

• An understanding of the types of models used within a lending organization, including where model risks may arise

• An understanding of model development, validation and implementation processes

• Project management

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Salary Range:

$100,000 - $167,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.